EU passenger car market expands driven by electric vehicles
(MENAFN) The European Union’s passenger car market grew 10% in September compared to the same month last year, with 888,672 new registrations, according to data released Tuesday by industry reports. Across Europe—including the EU, the European Free Trade Association, and the UK—new car sales rose 10.7% year-on-year to 1.23 million units during the same period.
Among the EU’s largest markets, Spain led the growth with a 16.4% increase, followed by Germany at 12.8% and Italy at 4.2%.
Electric vehicles continued to fuel the market expansion. Battery-electric vehicle (BEV) sales jumped 20% year-on-year in September, totaling 167,586 units and representing 18.9% of overall new car registrations. Spain saw the largest surge in BEV sales at 59.7%, while Germany and France recorded gains of 31.9% and 11.2%, respectively.
Hybrid-electric vehicles (HEVs) strengthened their presence, accounting for 34.7% of the EU market in September, with registrations rising 15.9% to 308,037 units. Plug-in hybrid electric vehicles (PHEVs) also experienced significant growth, with sales up 65.4% to 91,148 units.
By contrast, traditional internal combustion engine cars continued to decline. Petrol car registrations fell 7.8%, reducing their market share to 24.9%, while diesel cars dropped 14.3%, holding just 8.1% of the market. Most EU countries recorded double-digit decreases for conventional vehicles.
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